TPG-led Group Reaches Cirque du Soleil Deal

April 21, 2015

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TPG Capital will acquire a majority stake in entertainment giant Cirque du Soleil at a reported enterprise value of about $1.5 billion. The deal is expected to close in 3Q, with co-investors Fosun and Caisse de dépôt et placement du Québec set to acquire minority interests; the company's founder will retain a partial stake. Strategic plans following the investment include expanding to new markets such as China. The live performance company will remain headquartered in Montreal.